A Summit-based specialty insurance brokerage and underwriter is expanding with a deal announced Monday involving a leading managing general agent for security-related market insureds.
According to SPG, current leadership at the Pearl River, N.Y. firm will continue to run all aspects of the business under The Mechanic Group brand.
The Mechanic Group specializes in innovative risk management, insurance products, and programs to the security guard, private investigation, intelligence, electronic security, alarm installation, central station monitoring and security consulting marketplace.
“The Mechanic Group’s successful record of helping the security and investigation industry understand their exposures is invaluable,” said SPG President and Chief Executive Officer Chris Treanor in a prepared statement. “Partnering with this outstanding MGA adds to SPG’s best-in-class boutique offerings and provides a deep breadth of knowledge to the overall platform.”